Innovation is abundant across India, and in selecting this list our panel looked at over 350 companies. Their inaugural 20 features a mix of emerging stars as well as those who might be considered members of India’s own FinTech Hall of Fame.

Bank Bazaar

BankBazaar’s neutral online marketplace allows users to search for, compare and apply for loans, credit cards and insurance products. BankBazaar generated a funding of $60m in its C-Series funding, and announced its international expansion with a move into Singapore in February 2016.

BetterPlace Safety Solutions

Founded in Jan 2015, and with a recent investment by a former Google India head, BetterPlace offers services such as personal, employment, educational, criminal and training verification services using data analytics and application tools.

Coverfox

Ezetap

Ezetap enables merchants to accept payments from any mobile wallet through their Ezetap mobile point-of-sale application. In March, Ezetap partnered with mobile Freecharge, which has over 15m registered users for its Freecharge wallet.

ftcash

ftcash enables offline transactions by aggregating all payment gateways including credit cards, debit cards and mobile wallets under one channel. Founded by former CFO of Deutsche Bank India, ftcash was judged the winner at Paypal’s Start Tank Competition and Village Capital Program.

FundsIndia

With 70,000 investors on their platform, FundsIndia is India’s first online platform created specifically for mutual fund investing. Founded in 2009, it believes that every family needs a retirement portfolio, and that most need to save for higher education needs and medium-term goals like buying a house.

Milaap

Milaap, which means ‘connecting people’ in Hindi & Urdu, is India’s largest funding platform for social and personal causes. It has shifted its HQ to Singapore, but its operations remain firmly focused on India.

Paynear

Paytm

With 128 million registered users, Paytm is the consumer brand of India’s leading mobile internet company One97 Communications. India’s largest mobile commerce platform anticipates 500m users in the next five years.